Once built, the floating LNG plant on Coral South, will have a capacity of about 3.4mn tonnes a year and will draw gas from the Rovuma Basin, where Eni made its first major Mozambique find in 2011
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Dubai Mercantile Exchange holds second Basrah Light crude oil auction
The highest bid of +37 cents was six cents higher than the June Basrah Auction, which was awarded at OSP +31 cents.
Dana Gas Q1 2017 revenue rises by 44%, profit surges 83%
The Sharjah-based private natural gas producing company attributes positive financial results to a number of factors, chief among those being increased production, principally in Egypt, and higher realised oil and gas prices
NIOC ratifies exploration and production roadmap
The plan entails the development of Dasht-e-Abadan, the Gulf, Northern and Southern Dezful and Koppeh Dagh blocks by 2022, the end of Iran’s sixth five-year economic development plan
DNO Q1 results out, expands drilling in Kurdistan
DNO reported quarterly net profit of US$15 million, reversing a net loss of US$31 million in the previous quarter.
Hugh Fraser Int’l relaunches to lift energy sector
Hugh Fraser International will specialise in the planning and execution of international business expansion projects for companies with advanced technology and know-how in the energy industry and water sector.
SOMO sells Basra Light on DME Auctions platform
The auction attracted widespread interest from majors and refiners, with more than 20 traders participating in the auction.
Iran rejects India’s threats to cut oil imports
Oil minister Bijan Zangeneh has stated that Iran was open to negotiations with India on the contract for the Farzad-B gas field, but stressed that Tehran would not accept the language of threat
South Pars deal with Total to be signed soon: NIOC
In November, Total signed a preliminary agreement, worth $4.8bn, as the head of an energy consortium to develop Phase 11 of the giant South Pars field in the Gulf’s waters that Iran shares with Qatar
China’s CNPC to set up Middle East centre in Dubai
China National Petroleum Corporation’s Middle East base in the Jebel Ali Free Zone (JAFZA) of Dubai to oversee its regional investments, oil services and trading in the Middle East